Murphy Oil Corporation (MUR)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,129,620 | 1,665,825 | 1,669,749 | 1,561,875 | 1,484,406 | 1,965,205 | 1,979,526 | 1,941,169 | 1,840,861 | 1,700,268 | 1,552,592 | 1,514,862 | 1,521,679 | 1,541,777 | 1,574,668 | 1,588,451 | 1,759,714 | 1,939,072 | 2,069,155 | 2,053,409 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,129,620K ÷ $—K
= —
The payables turnover ratio for Murphy Oil Corporation has been consistent at a value of "—" from March 31, 2020, to December 31, 2024, based on the provided data. This implies that the company is not generating new data or the data is not available for this metric during these periods.
The payables turnover ratio is a measure of how efficiently a company is managing its accounts payable by calculating how many times a company pays off its average accounts payable balance during a specific period. A higher payables turnover ratio typically indicates that a company is paying off its suppliers more quickly, which can be a sign of efficient working capital management. Conversely, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially straining its relationships with vendors.
Without specific figures for Murphy Oil Corporation's payables turnover ratio, it is difficult to assess the effectiveness of the company's accounts payable management. Further information on this metric would be needed to provide a more detailed analysis of the company's financial performance in this aspect.
Peer comparison
Dec 31, 2024